Development PartnershipsDeveloping affordable housing is complex and challenging. Bringing these opportunities to fruition requires creativity in our financial and development partnerships. As a national leader in affordable housing, Housing Catalyst often partners with other developers to help increase their capacity to build affordable housing in this region. We provide access to unique financing tools and expertise in utilizing local funding resources, along with innovative strategies in sustainable design and construction. We have assisted other organizations in building and preserving more than 1,000 affordable rentals in the Fort Collins area.

COMMUNITY REPORT2019Building Community.

Inspiring Change.Housing Catalyst transforms neighborhoods while providing stable homes for families. We know building a better life and pursuing opportunity begins with having a place to live, and Housing Catalyst has provided thousands of Fort Collins families with affordable homes since 1971. We pride ourselves on being a mission-driven real estate developer at the leading edge of affordable housing, forging public-private partnerships to build a stronger community.

The demand for housing that is affordable is higher than ever, with only 2% local rental vacancy rates. Investing in affordable housing has numerous benefits for the local economy — it creates jobs, boosts families’ incomes and encourages business growth. As Fort Collins’ most established affordable housing developer, Housing Catalyst is actively moving the region forward with healthy communities that offer more than just a place to live. We work to create communities built on a sense of pride and belonging while also enriching neighborhoods with inspiring design and amenities.

Housing Catalyst has been proud to support the following entities and housing developments in our community:

CARE Housing Provincetowne partnership and loan guarantees

Neighbor to Neighborportfolio loan guarantees

Legacy Senior Apartmentssenior housing partnership

Northern Hotelsenior housing management

DMA Plazasenior housing voucher subsidy conversion

Mercy Housing Springfield Courtpartnership

Lakeview on the Risepartnership and bond issuance

Downtown Development AuthorityOak Street developer/owner

CARE Housing Swallow Apartmentsredevelopment and partnership

Volunteers of Americasenior housing partnership and sponsor

TWG and Elevations Community Land TrustKechter land bank homeownership partner

Elevations Community Land Trustpublic housing conversion homeownership

Fort Lupton Meadows Apartments Bond Issuancebond issuance

CSU and Timberline Church Sitetechnical assistance

Montavatechnical assistance | future developer

1,250+families assisted with housing vouchers

2019AT A GLANCE

195families supported through JumpStart self-sufficiency program

14,000+ maintenance touchpoints with residents

1,077local residences owned and managed by Housing Catalyst

AWARD-WINNING developments and services:Award of Excellence in Community RevitalizationVillage on Shields, National Association of Housing and Redevelopment Officials

Award of Merit in Affordable HousingVillage on Horsetooth, National Association of Housing and Redevelopment Officials

Yes! In My Back Yard Award for RehabVillage on Shields, Mountain Plains NAHRO

Certificate of Achievement for Excellence in Financial ReportingGovernment Finance Officers Association

High Performer designationU.S. Department of Housing and Urban Development

Healthy Business Leader certificationHealth Links

Housing Catalyst’s mission is to create vibrant, sustainable communities throughout Fort CollinsBuilding sustainable community assets• Construction began in 2019 for Mason Place permanent supportive housing

• Formalized partnership with CARE Housing to rehabilitate and combine adjacent properties on Swallow Road

• Formalized development partnership with the Downtown Development Authority to build future affordable housing in the heart of Old Town

Strengthening our community• JumpStart enrolled 37 new families and graduated 19 families, each with an average of $7,660

in an accrued escrow savings account

• Competed for and received 70 additional federal housing vouchers

• Developed formal processes between resident services and property management to increase housing stability and prevent evictions

• Worked with Poudre School District on strategies to increase academic achievement of resident children and improve parent/school relationships

• Working toward fully integrated teams between property management and resident services to better serve residents

Advancing our vision• Established a 5-year development plan with other Northern Colorado affordable housing developers

• Repositioned public housing to transition to more sustainable and efficient financing and operations

• Developed community assessments to understand residents needs and inform future service strategies

MULBERRY ST.

COLLEG

E AVE.

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LINDEN ST. �

REDWOOD ST.

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FORD

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LEISURE D

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SHIELD

S ST.

S. BRYAN

AVE.

S. BRYAN

AVE.

W. PLUM ST.

W. ELIZABETH ST.

HORSETOOTH RD.

HARMONY RD.

SWALLOW RD.

PROSPECT RD.

DRAKE RD.

FAIRWAY LN.

TAFT H

ILL RD.

IMPA

LA CIR.

MOUNTAIN AVE.

RIVERSIDE AVE.

W. VINE DR.

E. VINE DR.

CONIFER ST.

MA

X LINE

Colorado StateUniversity

City Park

287

DowntownFt. Collins

Villages Leasing Center

Rocky Mountain High School

Poudre HighSchool

M

Centennial High School

COMMUNITY MAP

25% seniors

35% individuals

with disabilities

38% children

4,000+INDIVIDUALS SERVED ANNUALLY

“When given an opportunity and chance, you can show the world what you’re

really made of and move forward.” — JumpStart program participant

REVENUES

1 Grant $15,294,313

2 Rent $10,534,068

3 Other $10,589,405

total revenues $36,417,786

1

2

3

EXPENSES *

1 Housing Assistance $11,225,820

2 Administrative $8,705,128

3 Maintenance $3,499,296

4 Utilities $937,092

5 Depreciation $7,901,244

6 Interest $3,861,526

7 Other $966,227

*For all owned and managed properties

HousingCatalyst.com 970.416.2910 1715 W. Mountain Avenue, Fort Collins, CO 80521

total expenses $37,096,333

1

2

3

4

5

7

6 Housing Catalyst goes well beyond its

requirement to submit audited basic

financial statements by preparing

a Comprehensive Annual Financial

Report (CAFR). The CAFR is a thorough

and detailed presentation of the

organization’s financial condition.

Housing Catalyst has received

the Government Finance Officers

Association’s Certificate of Achievement

for Excellence in Financial Reporting

for the last 6 years for its CAFR. Only

20 housing authorities in the United

States have accomplished this feat.

This recognition demonstrates that

our financial reporting is robust,

comprehensive, transparent and on

par with the best governments.

2019FINANCIALS

Unaudited Financial Data

$223,735,583 in owned and managed assets

$103,389,429 in liabilities

AA-Standard & Poor’s Rating